S&P rates Allspring Buyer loan BB-

S&P said it assigned its BB- debt rating to Allspring Buyer LLC's (formerly Zebra Buyer LLC) incremental $250 million senior secured term loan due 2028. The recovery rating on the senior secured debt remains 4, indicating an average (40%) recovery.

The ratings are the same as S&P’s on Allspring’s $1.1 billion first-lien term loan and $170 million revolver.

Allspring will use the proceeds to finance a distribution to shareholders.

The outlook is stable.

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